ETH Price Looms Mean-Reversion After 18% Squeeze

Ethereum's price exploded by 18% in a single session to $2,263, but experts warn of a potential mean-reversion toward $2,007, $2,100.

The move was attributed to a short squeeze, with RSI at 82 and momentum going stone flat, indicating a likely reversal. The market structure is above its moving averages, but the price is trading above the upper Bollinger Band with a %B reading of 1.25, suggesting a historically high magnitude of overshooting.

The smart money shows measured participation at 55.7%, while retail is heavily long at 69.4%, making veteran traders nervous. Open interest dropped 13% in 24 hours, indicating trapped shorts were blown out and fresh longs dominated the market.